Steve Jolly - The REO Expert for Greater Nashville

Lenders have seized control of another Nashville condo project.The Rolling Mill Hill condominiums were forced into receivership Tuesday by a lawsuit filed by Bank of America on behalf of itself and other lenders. The suit also asks the court to allow foreclosure on the three-building project on Hermitage Avenue.The lenders claims non-payment of a ...

Fitch Ratings took a closer look at servicers' loss mitigation efforts among residential mortgage-backed securities (RMBS) in a special report issued last week. The agency found that while home loan workouts to avoid foreclosures have increased substantially, re-defaults post-modification continue to be a problem for servicers, investors, and ...

Foreclosures and mortgage delinquencies are still mounting and will continue to rise until the first quarter of 2011, driven primarily by increasing job losses, according to a new report issued by the Mortgage Bankers Association (MBA) on Thursday. The industry organization found that by the end of the first quarter of this year, 12.07 percent of ...